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earners leave the country? sounds extreme? that's what's happening in france. the socialist government imposing a 75% tax on numbers higher than 1 million euros and stealth -- wealthy people are moving out of the country. good evening, sir. well, france, some people are fleeing to avoid the tax it's not illegal. but sens a message. >> it certainly does. it shows you that when government tries to increase income through the obvious measure -- let's raise tax rates on the richest people, the richest people don't like that. france's evidence, anecdotal, you have the actor who is moving out to a belgian town that is now a colony for french exiles. he is fleeing that 75% tax. the former ceo of loriele and a ceo giant. and it used to be that retirees would leave, after their kids haveh grown up and left home. but now it's young, dynamic millionaires, leaving france, in their peak earnings period. there is even harder evidence of the impact when you try to soak the rich. it showed up this week in britain. >> greta: in what way? >> well, britain, one year ago, basically, they had 16,000 filers
to others across the country. in france. the government has thrown out a plan to tax the country's ultra-rich at a 75 percent rate. the tax was one of the president's campaign promises. however, a consititutional council says the amount was excessive. some felt that the tax would not solve the country's fiscal problems. and would only push wealthy people out of the country. france's most famous actor, gerard dep-ard-doo, recently moved to belgium to avoid taxes. meanwhile, unemployment in france rose in november for the 19th straight month. coming up on kron 4 news weekend, ??is "mcdreamy" trading in his scalpel for a coffee apron? we'll be checking out all things hollywood with all today's entertainment news in just a few minutes. music) >> from billie holiday. open >> she is so good she is going be playing at the new year's eve at the razz room >> it is great to have you. and i love hearing your music you can do all types of great sounds. can you tell me who inspired you? >> i started loving the little rascals and i also loved darla. [laughter] . i thought that you were going to say th
know what. stuart: he went on a cheese shopping trip just before he exited france and went to belgium. charles: france has better cheese, but belgium has them on the chocolate. stuart: dagen and connell, it is your turn. connell: stuart varney, ladies and gentlemen. good morning, everyone. i am connell mcshane. dagen is off. we will have the very latest on the fiscal cliff face up. home sales out of the basement meantime. we may have finally turned the corner and housing. how you can cash in. that is just ahead. it is looking like a white christmas in the midwest. the retailers are not celebrating this by any means. it is the intercontinental exchange. that is what ice means. nicole: i like that. they do not have a name yet. we had both ceos on the fox business at work earlier today. moving to a new annual high today. they are making the move. they are making this purchase. this is at a 38% premium. i have to tell you, traders are not so happy about it. all right. let's take a look at the dow jones industrial. the markets are pretty much mixed. not too far off that unchanged line. con
. he wants to raise the tax rate to 75%. pretty soon there won't be anybody in france but he and the kids not doing homework. >> everybody who did their homework will be leaving and those who didn't do their homework will be left behind. do you believe it benefits the poor more so than the wealthy? >> no. i think it is meant to jog the mind and make sure you are retaining the information you take in during the school day. but isn't this what libraries are for? if you don't have an optimal situation at home to do your algebra you go to the library with your lights on? >> that's no prank. >> but come on. they are making excuses for everything now. granted i do hear kids have a lot more homework now. >> they are french so it doesn't matter. joe, you look like a guy who didn't do his homework. >> certainly not for tonight's show. >> no, you did job. no, you did a great job. >> i think this is very bad. they need critical thinking skills. guests that need to be stacked and boat neck t-shirts that need to be striped. we are looking at a crisis. >> and word problems are amazing and
for president in france. last time around anyway. so now different stage, a little bit lighter, shall we
the guns? we doesn't have that in france. >> some of the kids were as young as 5. >> nowhere but in america. and that's sad. >> reporter: but more than anything it seemed what dejected people the most was the hard realization that safe havens aren't. >> the thought that you can't send your kids to school and trust they will be safe, it's just, you know, just devastating. i don't want to think that there is that kind of evil in the world. >> reporter: in san jose, len ramirez, cbs 5. >>> the violence in connecticut prompted several bay area police departments to step up their schools' presence today. oakland, fremont, san leandro and palo alto all increased school patrols. the san francisco schools already have resource officers. extra police or not schools across the bay area are also addressing tragedy in connecticut. cbs 5 reporter joe vazquez is in san francisco with a look at how local school districts are handling it. >> reporter: schools across the bay area have spent the day reassuring parents that, yes, they are doing everything they can to keep their children as safe as possible.
for president in france. last time around anyway. so now different stage, a little bit lighter, shall we say. the president getting to meet this man in the adorable holiday sweater, that's psy, south korean pop star with the awesome video. the president did not attempt to do
growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on the crazy course we are on right now before we are anything like one of these european countries. this is still an amazingly powerful entrepreneurial place. i am betting on the entrepreneur and even though the government keeps making a mistake after mistake after mistake. >> i like the optimism but i have to disagree with you in terms of fourth quarter growwh. most economists say it we are doing ok now in the third quarter we did at least but the holiday quarter, the santa claus rally everybody spending money for the holidays but most economists save gdp will come down in the current quarter but you say it will go up. i don't know if i believe you. >> i think gdp will be weak in queue 4 probably under 1/2%. it could
-speed rail possibility similar to france and china and our chairman alluded to that. the recent da 0's larry assessments shows that california high-speed rail has secured $11.5 billion from federal lands state and still needs a shortfall of $57 billion to move forward. to put this in perspective, in the 1950s congress had action to invest in infrastructure and create an interstate system. the initial system took 35 years to build and after several additions highway system is a total length of 47,182 miles. the cost of construction has been estimated at $425 billion in today's dollars. so certainly we should move forward at this time. in urban mobility report by texas transportation institute found the cause of slow speed, what we currently have, on delays, and misconception continues to cost the united states over $100 billion annually. now is the time to make that investment for alternatives to congested highways and simultaneously create jobs. inner city passenger rail service call one of those alternatives, for delays on crawling speeds that face the nation's inner state today. northeast
because look, if anything we can do to -- if she goes to france to annoy the french at this point would be a good thing, and french fashion used to cut it, but does anna wintour really thing that today. her nickname is nuclear wintour. that's what they called her. she should be the ambassador to china or russia. that's much better for her. >> she probably thinks you're sarcastic. >> she makes a lot of money for the president. the president obviously did well on the celebrity set. he and michelle are the darlings of vogue magazine. she's been on the cover many times. it's not surprising that anna wintour would be in their orbit. what qualifies her to be a u.s. ambassador. >> if you look at any of these choices? let's be honest. the choice for ambassador for britain for the last 15 years has been, whether it's republican or democrats has been one of the biggest donors. it's not a hugely diplomatic post. it's payback. >> of all the things that president obama's up to that rick was just talking about, this really doesn't stick in my craw. it does illustrate what we've talked about many time
responsibility here because after the overthrow of gaddafhi, the obama administration, britain, france just turned away from the problem, and so now we have this potential anarchic situation where the terrorists can take root. >> greta: so now what? what do we do? >> at this point trying to find ways to strengthen, i use this term loosely, the government of libya is very important because if we sees somalia this time on the southern coast of the mediterranean, it's very clear that europe will be vulnerable and indeed we will be worldwide, so it seems to me this is something that we should be involved in, but our friends in europe really have a lot at stake here, too. >> ambassador, we want to also ask you tonight about former vice-president dick cheney's latest remarks. now, last night he blasted president obama's foreign policy in the middle east. here's what he said in part. >> i think certainly in my conversations with many of those people, they no longer believe us. they no longer trust us. they no longer believe they can count on the united states of america to do what we did 20 years
for president of france. authorities in mexico and the u.s. confirmed today that singer jenni rivera was killed sunday in a plane crash. she and six others were on a private jet that went down south of monterrey in northern mexico. the cause of the crash is under investigation. rivera was one of the most popular female singers in the musical genre known as grupero. she sold more than 15 million albums and won a number of latin music awards. jenni rivera was 43 years old. those are some of the day's major stories. now, back to gwen. >> ifill: michigan, home to the united auto workers and one of the most heavily unionized states in the country, is suddenly ground zero in the national debate over workers' rights, as the republican lawmakers who control the state's legislature prepare to cast a vote tomorrow that could permanently alter the political landscape. >> ifill: hundreds of people descended on the state capitol building in lansing last week to protest a move to make michigan a right-to-work state. republicans running the state house and senate have approved a pair of bills to allow workers
nearly a month oafter britain ad france recognized the coalition. the move is important to the coalition. it is looking to get rid of this man, al assad, but it doesn't mean washington will be giving them weapons any time soon. that is a huge sticking point. defense secretary leon panetta is saying there is no new intelligence indicating assad's regime is moving any closer to using the chemical weapons that had so many people on edge just earlier this week. >>> tonight, we are also learning that an american has been held in north korea for more than a month now. according to south korean newspapers, kenneth bayh is a tour operator who was detained after someone on his tour was found carrying a computer hard disk with sensitive information. a u.s. official told us there are no signs that bayh has been mistreated. the swedish government which acts as the protecting power for the u.s. in north korea is reportedly working to help get him released. >>> an australian radio station is donating money to a fund that was set up for the nurse's family, that nurse who apparently committed suicide in
, in germany, in france, in south korea, in japan, all of whom have very strong gun control laws, you see that there are probably somewhere between maybe only a couple dozen to a couple hundred handgun related deaths a year. so we have a handgun vie -- a gun violence epidemic in this country that's unlike what is occurring anywhere else amongst our industrial counterparts, and you consider the arguments that the nra makes, the principal argument they have made to hold up legislation for 15 years is people need guns in their homes for self-defense. this has been studied by countless study all of which have found the same thing. guns inside the home are used very, very frequently, a tiny percentage of instances. almost all the times when guns inside a home are used, they are used in a suicide or in a homicide or some other kind of assault. and i remember when we were trying to get gun violence legislation passed in the wake of columbine. i remember being invited to meet with president clinton inside the oval office, and he said to me as we were walking out the door that day, he said, you kn
'. is imposed revolutionary france this revolutionary is one step ahead of a policeman that has it out for him. >> this all start cast his hugh hac jackman and anne hathaway and bette midler and billy crystal and parental guidance is rated 'pg'. >> catherine: the san mateo bridge looking piece and from all foster city also looking decent. do not for that is the best way to ring in the new year. i will be hosting with the sports director, gary radnich. >> catherine: the queen of england is delivering her traditional christmas message. and this year viewers got to see something new. her address is being broadcast - in 3-d. the queen later got to see what the historic broadcast looked like by putting on her own 3-d glasses. she never says anything provocative or political. but she reflected on her diamond jubilee -- marking 60 years on the throne. and paid tribute to the olympic athletes - who met in london. >> "as london hosted a splendid summer of sport, all those who saw the achievement and courage at the olympic and paralympic games were further inspired by the skill, dedication, training and
distracting students and the staff. meanwhile, in france police are keeping people away from one village that some say will be the only area to survive. doom's day now on the myan calendar, it's tomorrow. in china officials arrested nearly 1,000 cult members for spreading rumors about the end of the world. the ancient myans believed that the end of the world will happen on 2012. look at the clock right there. it's 5:50 a.m. in ahs rail why. time for sunrise, and lo and behold, they are all still there, so hope is out for us for tomorrow. we're back after this. icken potp and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. hello. mmm i can still see you. it's water from the drinking fountain at the mall. great tasting water can come from any faucet anywhere. the brita bottle with the filter inside. >> not the making sfwleen of the year. it's time for the poli side bar. at the same time also appeared to criticize herself. >> time
in europe is 25%. like france is not where we want to be on tax policy. the canadians are at 17%. where you have high marginal tax rates, it slows economic growth. you can see it on the corporate side and on the individual side. we will over time take the corporate rate to 25 from 35. because it will be better for growth, we will actually have more revenue for the government and not less. with government growth at 4% per year, reagan levels, versus 2% per year, france over last 20 years or obama over last four, you do that for decades, the federal cabinet raises $5 trillion in additional tax revenue. the best way to get revenue for the government at such strong, robust and jobs-creating economic growth. unfortunately, president obama and the democrats have taken the opposite direction over the last four years. that's why we are in this mess. host: now to an independent in georgia, al. if i would push the right button. sorry about that. al, good morning. caller: good morning. the last time you were on c- span, i managed to get through. it was on the heels of you going to atlanta and to chast
to reduce that to 25%. the reason is the average business tax in europe is 25%. like france is not where we want to be on tax policy. the canadians are at 17%. where you have high marginal tax rates, it slows economic growth. you can see it on the corporate side and on the individual side. we will over time take the corporate rate to 25 from 35. because it will be better for growth, we will actually have more revenue for the government and not less. with government growth at 4% per year, reagan levels, versus 2% per year, france over last 20 years or obama over last four, you do that for decades, the federal cabinet raises $5 trillion in additional tax revenue. the best way to get revenue for the government at such strong, robust and jobs-creating economic growth. unfortunately, president obama and the democrats have taken the opposite direction over the last four years. that's why we are in this mess. host: now to al, an independent in georgia. if i would push the right button. sorry about that. al, good morning. caller: good morning. the last time you were on c- span, i managed to get thr
of several people president obama is considering for the ambassador post to the united kingdom or france. wintour is a u.s. citizen, but was born in the united kingdom. she is one of the president's biggest fund-raisers. >>> federal judge temporarily blocks federal law, banning the use of conversion therapy. his ruling applies to only three providers who want the law overturned. the therapy is aimed at helping change a minor sexual orientation from gay to straight. >>> 13 people dead, 32 wounded. now the judge in the case has been removed. u.s. court of appeals for the armed services says the judge showed bias when he ordered h hasan be forcibly shaved before his court-martial. hasasm n argued that he grew a beard in accordance with his muslim faith and the order violated his religious freedom. with the san antonio express news, joining us this morning. welcome. >> thank you. >> i thought it was against army regulations to have facial hair. >> it generally is. the regulation is so strict, in fact, that most of the people i've known in the military don't even wear mustaches. and when they
of france. >>> in a florida murder trial, didi meyers will not take the witness stand. she is charged with swindling, shakespeare out of $17 million and murdering him and burying his body. >> police are asking the help to solve the case. jack and jerry mcgee were shot to death excuse style last december. police believe the murders were well-planned but they have yet to identify any sus speck. jenna: a weather alert. parts of the upper midwest are digging out after powerful winter blast. this is blizzard conditions as you see on your screen and bringing record snowfall. meteorologist maria molina is live from the fox weather center with more. maria? >> that's right, we saw significant snowfall across portions of the midwest over the weekend. that is actually somewhat good news for the peel. we're looking at a lack of snowfall across the area over last several weeks. finally additional snowfall or significant snowfall falling across the area. today the storm is further off to the east. worst of the snowfall across portions of midwest. another aspect of this storm system ahead of it we h
says it's looking to try to have the france telecom company buy assets from alcatel which, of course, burning cash is struggling if the french government is able to arrange this, by the way, it won't make a huge hit. it will amount to $100 million, with an m, or so dollars. maybe $100, $150 million dollars. those shares, nonetheless, they have been beaten down, about 3% higher in trade this morning. quick check on the bond space. today we are seeing a give back after the rally we saw yesterday. yields, though, roughly unchanged from levels we saw just 24 horse ago. 5.3 and about 4.4% respectively there. and we'll get into more on stability. forex, the euro/dollar has been in focus, giving its strength over the last couple of trading sessions. today, largely unchanged. 1.3228 is the level there. dollar/yen is in focus. it's giving back about .6%. the bank of japan came out with more quantitative easing, perhaps talking about a higher inflation target going forward. >>> coming up on today's program, we'll head out to new york and take a look at housing figures in the u.s. it looks like
of the gunman had just returned, short trip along to a luxury resort in new hampshire. france and greece the years she felt comfortable about leaving her son adam at home unsupervised. >> democrats say that the gop plan will not make it past the senate. beyond that the president has already said he will veto it if it gets to his desk. the back- and-forth continues in congress and hopefully by january 3rd they will get the deal done. we will be back in just a moment. >> the tool yet to yield the camera of america's most popular car fare poorly in a new front crash test by at the insurance institute for highway safety. in the test the camera is a front wheel ended at bending the passenger compartment foot well in word. the steering was pushed off so far the air bags did not deploy. the toyota pre as the hybrid wagon didn't perform any better. it also earned a poor rating. honda's accord sedan and this is to keep his eye she receives the institute's stock rating of good and the crash test. general motors is recalling nearly 119,000 pickup trucks in the u.s. because of that can fly open unex
, the comrades rio grille. there are parties in france, brazil, efwhere. >> hopefully it will -- it will bring them luck. >> yes. >>> tara? >> the chp log is looking pretty good at this hour. not a lot of incidents to report. in the south bay, 280 at the 880 split, we have free-flowing traffic. at the bay bridge toll plaza, no metering lights. we did have an earlier stall, ate 0 eastbound. that's in the opposite direction of the commute -- 8 eastbound. that's in the on -- 80 eastbound. that's in the opposite direction. steve? >>> tara? >> it's cold. >> it is cold. >> in fact, i just saw a 29- degree reading in partly sunniton. so there are -- in pleasanton. a few high clouds. not much. this system is falling apart. there it is. one part is going north. one part is going south. we're left in between. 20s and 30s. that 37 livermore is at the airport. it's a very localized event. about two blocks away. it's 32. 3 at oakland. that tells you -- 38 at oakland. that tells you it's cold there. you can see how it is beginning to shear apart. sun, then some clouds. ny clouds really take the edge off. bu
france winner was stripped of his titles, lost his sponsorships and left the board of his famous cancer charity live strong, after the u.s. anti-doping agency found he engaged in a long term pattern of blood doping during his career. armstrong still denies using performance-enhancing drugs. >>> number seven, wrong side of the street. few things are more universal for american children than sesame street and elmo. which makes the elmo sex scandal all the more shocking. kevin clash resigned as the voice of elmo after allegations he had sexual contact with underaged males. the show says no one there knew anything about it. >>> number six, congress behaving badly. the whiff of scandal doesn't mean you can't win a race for congress. jesse jackson jr. of illinois was re-elected even though he was absent for months due to mental health issues and under federal investigation for misusing congressional resources. weeks after the election he resigned. prolife republican congressman of tennessee had urged his pregnant mistress to get an abortion a decade ago. he denied the woman was pregnant or ha
serve on the fiscal collect. melissa frances will have his comments live coming up next. dennis: wall street that it do more than washington. they thought we would be sure to reach a compromise before the fiscal cliff. cheryl: if you were near a computer screen last night, neil cavuto was talking about this. the future is really tumbled. unfortunately, washington is ruling wall street. melissa: i do not know why they had so much faith. there you go. thank you. i am melissa
%. the reason is the average business tax in europe is 25%. stupider than france is not where we want to be. canadians are at 17%. when you have these high marginal tax rates, it slows economic growth. you can see it on the corporate side and the individual side. i think we will over time take the corporate rate to 25% from 35%. because it will be better for growth, we will have more revenue for the government, not less. if the government grows at 4% per year, reagan levels, versus 2% per year, france over the last years. do that for a decade, the federal government raises $5 trillion in additional tax revenue. the best way to get revenue for the government is a strong, robust, job-creating economic growth. unfortunately, president obama and the democrats are taking the opposite direction over the last four years and that is why we are in the mess we are in. host: al is an independent in georgia. please go ahead. i need to push the right button. sorry about that, al. hang on. you are on "washington journal". caller: good morning. the last time i managed to get through was on the heels of yo
for broke regiment. he saw combat in italy and southern france and was badly wounded during an engagement for which he was awarded a distinguished service cross of which was later upgraded to the medal of honor, our highest award for military valor. with financial assistance from the g.i. bill, inouye graduated from the university of hawaii and the george washington university law school. daniel inouye won election to the united states house of representatives as the united -- the new state's first congressman. he is currently serving his eighth term in the united states senate. other people we have spoken to have talked about the first time they were sworn in as a member of congress. in 1959, you became the first member from hawaii. what was that like when you work first on the floor of the house of representatives? >> i spent some time in washington before this. i went to law school. i had never been on the floor of the chamber. it was an awesome experience for me to be among a multitude of giants and have teh speaker of the house swear me in. it was a simple ceremony, but i will never
24 in the united states senate. gratitude to my senate colleagues to micom tanakh as france and the tablet has been such an honor to serve. gratitude to other people without whose help, hard work and the port, i never would have made it to the senate or state here. the gifted and hard-working staff in connecticut and washington are supported, informed and enrichment service here in the volunteers in my campaign to give so much and asked for nothing in return except that i do what i believe is right. gratitude to all those who labor out of view in the corridors of this capitol building from the maintenance crews to the capitol police and everybody else anywhere in this building. thank you for keeping our capital running in keeping us safe. and gratitude, most of all to my family and they've given me every day of my life. my parents, grandparents and siblings, children and grandchildren and my wife of almost 30 years now, the love of my life who has been my constant companion supporter and partner through this amazing adventure. and so, i want to begin his farewell speech basi
or napoleon's france, alexander the great mesopotamia. it is a progressive thing every society seems to go through. it goes from civilize to being uncivilized. host: beyond the disrespect you feel that you got as a kid to -- from the kids, what did you think about the security at the school? did you feel safe from perhaps an attack from the outside? caller: they had the doors locked. you had to ring a bell before you came in. if anybody wants to get into one of the schools and they come in with weapons, these military type equipment, there is no door that will stop them anyway. they can shoot the locks right off the door and they will be into the school within seconds. once somebody is going to do something like that that has their mind set on it, to stop it is next to impossible. there is no way of forcing it. i wish there was, but it is like terrorism. when somebody wants to create an act of terrorism, there is basically no way of stopping them. host: we will move on to joy in california. caller: good morning first. i would like to send out my condolences to all of the children and loved
the european average, stupider than france is not where we want to be when it comes to how we tax economic activity. add to that, obama not only wants to take the present 35 up to 39.4. he wants to add 3.8% on that for small businesses, subchapter s corporations, there is also a trillion dollars in tax increases that obama care has that begins over the next decade. in addition to -- >> their net -- their net reducers to the deficit over ten years. let me ask you this last question. >> the tax increases that affect people's decisions. >> will you be around and do you expect to be reached out to as a deal is reached to give it a blessing? >> certainly i'm working with all of the fols trying to defend taxpayers here in congress in the house and senate. the leadership of the house have all made the commitment in writing their constituents to oppose all efforts to raise taxes. i don't think you will see something that actually raises taxes, we may get some tax cuts now and have to fight for others later. watch for the leverage that the republicans have in debt ceiling and the continued resoluti
team doping scheme in the history of sports. armstrong, stripped of his tour de france titles and resigned from his cancer foundation. >> two words. jeremy lin. >> lin-sanity. >> can you believe this is happening? >> no. >> at the start of the year jeremy lin was a harvard grad trying to make it in the nba but over the course of ten days in february the asian american became a global sensation as he led the new york knicks on a seven-game win streak and single handedly reinvigorated a franchise that had fallen on tough times. >> four hours away from the big opening ceremony. >> you can really feel the buzz in london. >> for two weeks in summer the london olympics took center stage with barrier breaking performances. michael phelps who became the most decorated olympian of all time, american gabby douglas the first black woman to win the gymnastics individual all-around title. south africa's oscar pistorius the first double amputee to compete in the olympics and the female athletes from saudi arabia and qatar who were allowed to be competing in the olympics for the first time.
accused now of participating in a prostitution ring run out after luxury hotel in france. >>> 11-year-old boy in utah could face criminal charges after he brought a gun to school. the sixth grader said he wanted to protect himself from a newtown-style school shooting. jon: some new information on the closed-door hearings on the benghazi terror attack after a skathsing new report about what went wrong. an independent panel finds security at the u.s. mission in libya was grossly inadequate to deal with the september 11th attack. four americans were killed including our ambassador there. the report was highly critical of the state department for quote, systemic failures and leadership and management deficiencies. joining us now ambassador john bolton, former u.s. ambassador to the united nations and a fox news contributor. ambassador bolton, hillary clinton publicly said the buck stops with her on this, you know, security problem that led to the four deaths. this report suggests that nobody should be held responsible. i mean it talks about all of these problems but, doesn't lay the blame
and france are about to go in recession. when you have a shaky economy, piling on taxes does not work. spain's has been raising taxes. we have not seen anything like this with governments deliberately raising taxes on a scale since the early 1930's. they should be going in the opposite direction. they are putting more burdens on the private economies. host: somebody who may be in your income group wrote an op-ed about a month ago and this is part of it. i want to get your reaction. guest: in terms of income and what people effectively pay in tax rates, people and higher incomes pay effective tax rates three times those earning middle incomes in this country. salaried income versus capital gains gets confused. capital gains are no sure things. it is a high-risk proposition. there has always been a lower rate for capital gains. you would see this economy crater and hope of investment and go by the boards. bill clinton lowered the tax rates. to reverse that trend, that was a bad decade, the 1970 's. we have seen that in other countries. raise the rates and you get less investment and a lower st
of his seven tour de france titles and banned for life from the sport. ♪ ♪ ♪ ♪ ♪ ♪ >> let the games begin. london ready to put on the biggest show on earth. >> missy franklin! >> it's a gabby gold! >> usain explodes! >> one of the most anticipated matchups of these games. what's your headline? >> ryan lochte takes over. >> so far, these games begin to lochte. >> how do you feel about that headline? >> my talking is done in the pool. >> can lochte come up on phelps? michael phelps is going to win gold! no one has won more. >> i can look back at my career and say, i've done everything exactly the way i wanted to. >> unbelievable! >> the fab five is going gold. >> usa! >> ladies, can i say, you look really good in gold. >> congratulations. >> expectations were very high for 17-year-old missy franklin. >> it's going to be a world record for missy franklin! >> this is just absolutely incredible. >> and he's still the king of the 100! >> i came here to become a legend. i'm now a legend. >> misty and kerry. three peat olympic gold! >> the applause still rains down on oscar pistorius. >> redempti
his shot of becoming france's president. >>> there has been a huge drop in gas prices. 46 sentcents a gallon. ali velshi says they could even drop more. >> a lot of it depends on what happens to the price of oil and that is going to depend on what happens in the world economy. there are two things happening right now that we need to think about. one is the fiscal cliff and recession in europe if things continue to slow down economically, we'll see less demand for gasoline and if there's more tension in the middle east, we'll see higher prices for oil. so those are two things that could affect the price of oil which will affect the price of gasoline. >> the average price at the pump is now down to $3.38 a gallon. the price of a gallon of gas is something that i have always tracked. it's kind of a game i played with my father. who could play the cheapest gas in town. >>> so what went wrong for republicans on election day? the gop is now planning what some are calling an autopsy with prominent members in charge of trying to pinpoint problem areas. that, next. capella university underst
protect their own ground forces? is there something about germany and italy and france and spain and england and japan that renders them genetically incapable of having their own air forces? i know we were told, well, we have to stay in iraq and afghanistan because they don't have any air force. well, neither do the people attacking them. the next thing we are told is, well, we need to protect the u.s. from a nuclear attack. i agree. we have a nuclear capacity that far exceeds any potential combination of enemies. we had during the height of the cold war the triad. we could destroy the soviet union and they had a capacity to go after us by missiles, submarines or the strategic air command. i have a proposal, sometimes i'm kidding, this time i'm not. can we not go to the pentagon and say, you know what? now that there is no more soviet union, there is a much weaker russia, and i agree, russia won a war against georgia. they won a war against the country of georgia. i think the way we have armed the state of georgia, i'm not sure what the outcome would be if that was the war. but r
the gulf home. >> juliet: 8:43 east coast times. major blow to france's socialist president. panel has just thrown out and plan to tax the wealthy at 75% rate. ruled it as excessive and unconstitutional. if you like it, then you should put a super bowl rick on -- ring on it ♪ if you like it then you should have put a ring on it >> juliet: i love that video. pepsi announces plans to allow fans to join bon is i on the football field. dave, i see that you are all over that. >> dave: i will be there. so who knows. new insight into the short yet fascinating life of hollywood starlet marilyn monroe. newly unclassified fbi documents reveal how closely she was being monitored for alleged ties to underground communist party. aneed that vogel has more. >> new information from the fbi shows just how interested the agency was in finding out whether actress marilyn monroe had ties to the communist party. the files show the fbi had been tracking her for years. who she was friends with and if they had ties to communist in this record from 1956, agents had documented anonymous phone call from the "new yo
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